Howard Marks (Oaktree Capital Management): «Estamos ante un mercado respaldado artificialmente por las compras de la Fed”

Conferencia anual CFA Institute

Fecha:

Annotation 2020-05-19 165726
Foto cedidaHoward S Marks, director y co-presidente de Oaktree Capital Management.. Howard S Marks (Oaktree Capital Management): "Estamos ante un mercado respaldado artificialmente por las compras de la Fed”

Autor: Gabriela Huerta

Oaktree Capital Management is now trying to raise $15 billion for what would be the biggest-ever fund to invest in distressed debt

Marks: "The market is what it is, rates, and the return environment is what it is, so superior investors control their emotions to deviate from the herd and outperform"

He believes that today's, is a market which is artificially supported by Fed buying, so he expects plenty of debt defaults and bankruptcies when corporate borrowers start running out of cash in the months ahead